Kudremukh Iron Ore Company's profit up

Bangalore, Oct 24 (UNI) The Kudremukh Iron Ore Company has earned a profit before tax of Rs 144.70 crore and Rs 95.52 crore net profit after tax till Q2 of the finacial year 2008-09.

According to a press release issued here today the company achieved 68 per cent and 82 per cent of targeted production of pellets and pig iron during the second quarter, as against 68 per cent and 78 per cent during the corresponding period last year.

Total sales of pellet and pig iron upto September was Rs 909.93 crore and Rs 183.16 crore respectively against Rs 394.89 crore and Rs 181.89 crore in the same period last year, it said.

KIOCL, a Government of India enterprise, has earned a foregn exchange of Rs 646.72 crore during the same period, it added.

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